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Who’d have thought it – the market is moving! Despite all the uncertainty and political turmoil, buyers and sellers alike seem to be getting on with life as readily as one would ordinarily expect at this time of year. However, if you really want some juicy property-related dinner party conversation then just try to unravel the various house price reports. For example, according to
Some local sellers have approached us to sell their property following a less-than-impressive performance by an online alternative to “proper” estate agency. Although it is always tempting to say “I told you so”, we wouldn’t be so harsh with someone who has just been through the mill with the wrong choice of agent. And it seems they are not alone. In fact, a survey*
There is clearly a balance to be had between profitability and compliance for landlords, who are again coming under increasing pressure from legislative changes. Here are our top four current issues that you really should know about: 1: Mortgage Applications for Landlords. New lending criteria for landlords mean that lenders are now obliged to take into account all properties in your portfolio – not
Estate Agents are generally an up-beat type. Selling property to the right buyer, quickly and at an impressive price requires a “can do, will do” approach that is unlikely to be found in a pessimist. Agents with a positive attitude are more likely to be able to identify opportunities on behalf of our clients. Combine this with a strong focus on proactivity and hard
The tightening of the mortgage market has created opportunities for vendors who are understandably tempted to consider letting as a lucrative alternative to a sale. Despite the Help to Buy scheme, the dearth of mortgage availability has meant that fewer would-be purchasers are able actually to buy. They are therefore forced to rent if they cannot secure the mortgage they require. This in turn
If you’re buying a second home, Buy-to-Let, or investment property, you should be aware that there is an additional 3% Stamp Duty Land Tax (SDLT) on top of the standard SDLT amount payable. Since this regime was introduced in 2016, the market for second homes has certainly felt the pinch, especially for Buy-to-Let landlords who are also being penalized with a reduction in the
Finding a Tenant – The Need for Speed According to the Nottingham Building Society, about 21% of Buy to Let landlords do not secure a paying tenant within four months of completing their investment purchase. 53% waited for two months and the average void period was one month after completion. This should ring alarm bells for landlords. We suggest these delays should be unacceptable
The pressure for a decisive Brexit result has clearly provided the country with a sigh of relief and a bit of breathing space – finally. Most people now realise that life goes on and whatever the eventual result, if there ever is one, it is probably more likely to affect their political sensitivities more than their actual pocket. This has been borne out by
Good negotiation is a skill that adds real value to the service you receive from your estate agent. After all it can be the make or break of a sale. Many agents focus on “getting the maximum price” for their client, the property vendor. So do we. However, we also recognize that the vendor’s main objective is actually to move house! There is no
The layman’s view of an estate agent is simply someone who shows prospective buyers round properties. Whilst understandable, this simplistic perspective belies the fact that the well-trained agent knows how to maximize the viewing opportunity with the specific objective of prompting a sale. Whilst “showing someone round” might appear straightforward, vendors who do this themselves as opposed to allowing their agent to do so
